My brother and I inherited some land from my grandmother and we had a chance to sell it as we could not afford to develop the land (yes, I know about construction loans, but it’s too late now). Well, the sale went through, split 50/50 and the money is in both our accounts. After all the fees and liabilities get paid, I’ll be looking at ~$22K to play with. My brother said I could invest in real estate to avoid taxes on the amount. What can I or should I invest in to get the most out of this one-time windfall?
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